Accuray Stock Nearly Hit 50 Cents — Then the Rally Faded
Accuray Inc. shares gave back an early push on Wednesday, slipping 0.9% to $0.3712 after touching $0.4982 in intraday trade, a sharp swing in a stock with a market value of about $44.6 million. More than 14.4 million shares had changed hands by late morning in New York. The whipsaw matters because there was no fresh corporate release to trade on. Accuray’s investor site still showed its May 15 research pact with the University of Wisconsin-Madison and its May 6 quarterly results as the latest press releases, with no upcoming events listed; Nasdaq was in normal trading hours on Wednesday after its May 25 Memorial Day closure.